The Cash Flow Contractor
244 - What is Your Cash Strategy? with Lisa Dionisio
Feb 21, 2025
In this session, Lisa Dionisio, a CPA and financial expert dedicated to helping entrepreneurs navigate their finances, shares vital insights on cash flow management. She discusses the significance of building a cash cushion and maintaining clean financial records. Lisa also emphasizes the need for understanding the difference between cash flow and profit, as well as the importance of monitoring receivables and managing overhead costs. Practical tips like utilizing lines of credit and encouraging upfront deposits are highlighted for maintaining financial stability.
01:07:57
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Quick takeaways
- Maintaining a cash cushion of at least three months of operating expenses allows businesses to manage growth and unexpected costs effectively.
- Implementing upfront deposits for long-term projects significantly enhances cash flow and profitability while mitigating financial risks.
Deep dives
Understanding Cash Flow Management
A fundamental aspect of business sustainability is the effective management of cash flow. Cash flow represents the oxygen for a business, highlighting the need for timely payments and collections. Business owners should maintain a cash cushion to avoid financial strain during growth periods or unforeseen expenses. Establishing a solid cash strategy allows owners to confidently handle expenses, payroll, and investments without jeopardizing their financial stability.
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